One thing to note here is ETC, unlike some other tokens offering airdrops is strong fundamentally and the price setup in the past few months has been fantastic the airdrop only makes things more favorable for investors.
As of now we have an inverted pattern which we clearly broke out from, the increasing bull volumes confirm the breakout. There is a forming around 33$ which takes the price to ~37-38$ range - the target for . I expect a short term pull back from that range as we're already extended on the but its too early to comment on that.
Will keep updating this idea as the price action builds up.
Double bottom reversal in play. Watch for a break above the resistance line. We had a pullback as bitcoin broke bullish out of the consolidation. Also the RSI was extended on 1h/4h timeframes.
Similar double bottom reversal. Bullish continuation is a likely scenario but there is also a possibility of consolidating on the 1h time frame i.e. tightening ranges - lower highs and higher lows.
Support from moving averages on the 4h.
RSI bullish, Stochastic oversold.
Stop loss if we close below the range, new entry if we break bullish.
As we broke the 4H consolidation pattern, strong bull volume led to price shooting upwards.
Overall the trend is very bullish and inversely correlated with bitcoin price i.e. when bitcoin consolidates ETC moves up and when Bitcoin moves up ETC consolidates.